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THE MARKETS; Two Settle Insider Charges

Two women agreed today to pay a total of $58,123 to settle charges they made illegal profits by trading the stock of the MidSouth Corporation based on inside knowledge of the railroad company's pending acquisition by Kansas City Southern Industries. The women, Julia P. Mobley and Rosamond S. Brown, were friends of a lobbyist for Kansas City Southern, who tipped Ms. Mobley about merger negotiations, the Securities and Exchange Commission charged. Ms. Mobley then tipped Ms. Brown before the merger was announced, the S.E.C. said.